Bureau of Economic Analysis

Survey of Current Business

Table of Contents May 1994

Selected articles may be accessed by clicking on the links below. (An
Acrobat (PDF) version of the table of
contents is also available; however, links to other files will work only when
you use Acrobat Reader
4.0.)

Regular features

Real GDP increased 3.0 percent in the first quarter of 1994, down from a 7.0- percent increase in the fourth quarter
of 1993. Corporate profits decreased $33.5 billion after increasing $39.4 billion; the downturn was partly
attributable to the effects of the Northridge earthquake. The Federal deficit
decreased $42.3 billion, to $164.7 billion; the State and local
government position deteriorated $9.0 billion, to a deficit of $1.8 billion.

36 Pollution Abatement and Control
Expenditures, 1972–92: Estimates for 1992 and Revised Estimates for 1972–91
(PDF)

Real spending for pollution abatement and control (PAC)
increased 5.1 percent in 1992, in contrast to a 0.7-percent decrease in 1991. Spending increased for all three
major types of pollution abatement—air, water, and solid waste—but the increase
for solid waste was the largest. During 1972–92, PAC spending increased at a 3.3-percent average annual rate.

50 U.S. Business Enterprises Acquired or
Established by Foreign Direct Investors in 1993 (PDF)

In 1993,
after declining for 4 years, outlays by foreign investors for acquiring
and establishing U.S. businesses increased sharply. The turnaround partly
reflected the continued U.S. economic expansion, improved borrowing conditions
in the United States, and improved business conditions in the United Kingdom and
Canada—traditionally two of the largest investor countries.

Annual Revision of the International Transactions Accounts.
An article presenting revised estimates of U.S. international transactions
and discussing major sources of the revisions will appear in the June SURVEY.
The revisions will extend as far back as 1984 for some series. Selected data will be
available as of June 21.

Annual Revision of
the National Income and Product Accounts. An article presenting revised NIPA estimates and discussing major sources of
the revisions will appear in the July SURVEY.
The revisions will cover the 3-year
period beginning with the first quarter of 1991.
Selected data will be available as of July 29.